GBP/JPY remains lock in a sideways correction below short-term important resistance at 141.69. However, it can be a matter of time before this resistance is broken before it starts to lift higher to 143.19 and 144.58 as the next upside targets.
Support is seen at 141.33 and 141.09. This support-zone may protect the downside for a clear break above 141.69 and higher to 143.19.
We are long GBP from 140.12 with our stop placed at 139.85
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.